Russian President Vladimir Putin will not attend a BRICS nations summit in South Africa in August, the country's presidency said on Wednesday, ending months of speculation.
Amid a cabinet reshuffle by President Putin, a senior Defense Ministry official, Lt. Gen. Yury Kuznetsov, was arrested on bribery charges, highlighting a crackdown on corruption within Russia's military. Kuznetsov faces severe charges, with authorities uncovering a significant sum of cash and luxury items. Putin's replacement of Sergei Shoigu as defence minister and the nomination of Andrei Belousov signal potential further purges within the ministry. Shoigu's deputy's recent arrest has raised speculation about Shoigu's future, amidst scrutiny over Russia's military strategy in Ukraine, where Ukrainian resistance has proven formidable, causing setbacks for Russian forces. The implications of these internal power shifts remain uncertain as Russia navigates the ongoing conflict.
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BRICS nations are preparing a new gold-backed global reserve currency. The new currency is expected to be announced during the BRICS summit in South Africa in August. The BRICS announcement is a key..
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